"Maybe a class action will wake him up."
Yeah, because a class action suit would REALLY help the stock go up! SMH
What are you going to say to an attorney?
Let's look at your side of a class action conversation.
"Bill worked on this farm, and he moved us to the first profit and then after that another, and now we have six quarters of profits in a row. We had 1 acre of product last year. This year we only have 3 acres. ANd two harvests. So 6 acres. But ... the stock price has not gone up. Sue him, because although bill has successful been growing the COMPANY, he is not successfully growing the price. He needs to manipulate the stock to MAKE it go up. Stop working on the product and the growing and the planting and all that, and work as a penny CEO should, and manipulate that stock to go up to 3 cents or so. Then I could sell and make a lot of money, but as it is, he is not doing his job!! waaaa"
"What's that? Stock manipulation by a CEO is illegal? he can't do it? But I see other CEOs do it all the time. What? Still illegal? HIs not doing it is a good thing?? No, that can't be, as the stock price is not up. I want to sue, since the price has not gone up as the company has grown. Can't we sue to make the price go up?"
"Huh? Making the company spend money on defending itself would push earnings down and make the stock go lower? But you don't understand. I wnt to sue to make it go UP. YOu must have misunderstood me"
"Hello? hello? Dang, another one that hung up on me!"
I too do not like the price where it is. But seeing 6 acres of harvest versus 1 last year is a great improvement, and our earnings will be growing. We re already sitting on a trailing P/E of 11. that's LOW for a stock, especially in our industry. As we grow earnings, someday this will catch fire. Not because of a pump, or some pipe dream, but because we get our shareholder equity up higher enough and our P/E down low enough that it catches the attention of someone who spreads the word to buy. Until then? Until then it is Bill's job to manage the COMPANY and he IS doing that. And he is talking about EXPANDING beyond the 3 acres with some specialized services on some of the other acreage. We are growing. We are doing what we need to do (except paying the real estate taxes, and I can't seem to get an answer WHY on that one) and I'm bullish since we are UNDERVALUED. As long as we don't have to defend some silly class action that is.
IMHO
Bullish
